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Replies to #100 on Skechers (SKX)
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Jimbo162

08/17/15 4:07 PM

#102 RE: cakesgood #100

I was fortunate to get in last year at $50 and doubled up in March. Cramer had the CEO on his show and i was impressed. At $62 Cramer said it was an easy double, boy was he right as earnings keep blowing away estimates. I have a local outlet mall with a skechers store and it is jammed whenever i shop. I love the shoes and find them more comfortable than nike. Even bought the wife a couple pair, she has 14-15 sneakers of some sort and also loves her new shoes. I am bullish on SKX but can only offer caution to anyone buying at this lofty level. Last week we saw $146 ish so look to accumulate on any dips this should continue to gain thru 2016. The only drawback i see is the potential for a market pullback. We haven't seen a real correction since....i can't recall, maybe 2011.